2,397 Shares in MongoDB, Inc. (NASDAQ:MDB) Purchased by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC purchased a new stake in MongoDB, Inc. (NASDAQ:MDB) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,397 shares of the company’s stock, valued at approximately $599,000.

Several other hedge funds have also recently modified their holdings of MDB. Dimensional Fund Advisors LP boosted its position in MongoDB by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 91,696 shares of the company’s stock valued at $37,495,000 after purchasing an additional 2,476 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of MongoDB by 134.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 3,905 shares of the company’s stock worth $1,597,000 after buying an additional 2,240 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of MongoDB by 11.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,746 shares of the company’s stock worth $1,123,000 after acquiring an additional 272 shares in the last quarter. UBS Group AG lifted its position in MongoDB by 73.0% during the fourth quarter. UBS Group AG now owns 91,243 shares of the company’s stock valued at $37,305,000 after acquiring an additional 38,509 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in MongoDB in the fourth quarter valued at approximately $199,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insiders Place Their Bets

In other news, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $245.00, for a total transaction of $245,000.00. Following the completion of the sale, the director now owns 1,146,003 shares of the company’s stock, valued at $280,770,735. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $245.00, for a total value of $245,000.00. Following the sale, the director now directly owns 1,146,003 shares in the company, valued at approximately $280,770,735. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dwight A. Merriman sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total value of $1,061,160.00. Following the sale, the director now owns 1,142,006 shares of the company’s stock, valued at $302,962,771.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,005 shares of company stock worth $5,802,746. Company insiders own 3.60% of the company’s stock.

MongoDB Price Performance

NASDAQ:MDB opened at $279.48 on Tuesday. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62. The stock’s 50-day moving average price is $259.60 and its 200-day moving average price is $296.21. The stock has a market capitalization of $20.50 billion, a PE ratio of -99.46 and a beta of 1.15.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.49 by $0.21. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The company had revenue of $478.11 million for the quarter, compared to analyst estimates of $465.03 million. During the same period last year, the company earned ($0.63) earnings per share. MongoDB’s quarterly revenue was up 12.8% compared to the same quarter last year. As a group, equities analysts expect that MongoDB, Inc. will post -2.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MDB has been the subject of several analyst reports. Morgan Stanley increased their price objective on MongoDB from $320.00 to $340.00 and gave the company an “overweight” rating in a report on Friday, August 30th. Wells Fargo & Company raised their price target on MongoDB from $300.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Barclays cut their price objective on shares of MongoDB from $458.00 to $290.00 and set an “overweight” rating on the stock in a report on Friday, May 31st. Robert W. Baird lowered their target price on shares of MongoDB from $450.00 to $305.00 and set an “outperform” rating for the company in a research note on Friday, May 31st. Finally, DA Davidson boosted their target price on shares of MongoDB from $265.00 to $330.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $337.56.

MongoDB Profile

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.